Browsing All posts tagged under »laissez faire«

Lying our way to catastrophe

November 16, 2018

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The global economy that affects us all is based on lies; on the distortion and misrepresentation of the views of usually much lauded economists. It seems crucial to drive this point home as we continue to be told that greater productivity and the up-skilling and re-skilling of workers will vanquish poverty and unemployment. In a […]

Still fighting the war against Wal-Mart

July 24, 2011

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With the decision in June by the South African Competitions Tribunal to allow WalMart to take control of the South African-based Massmart chain, the world’s largest retailer cleared the last of the major hurdles it faced to gain entry to African markets. And despite threats from trade unions and consumer groups that they would appeal […]

Wal-Mart and the nature of the system

May 25, 2011

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We live in a world system known as capitalism. About that there seems to be no disagreement. But what this means seems to create considerable confusion. And the rows surrounding the intended incursion into South Africa by Wal-Mart illustrate this clearly. Amid all the arguments and the blowing of vuvuzelas, only a few trade union […]

Time to both walk and talk the talk

January 25, 2011

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A new bout of verbiage concerning labour brokers and the nature of jobs erupted as the country got back to work after the new year break. And the confusion it created was compounded by proposed changes to the labour laws produced last month by the government. According to one set of interpretations, the ANC has […]

Voodoo economics, journalism & human rights

January 7, 2011

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It is time we all stopped bowing down at the altar of voodoo economics and acknowledged that our world is in crisis. And that this crisis is a consequence of adherence to an almost religious belief that “the market” is some sort of sane and sensible mechanism; that the mystical “invisible hand” mentioned by Adam Smith is a reality.